Rehmann Capital Advisory Group increased its holdings in shares of Visa Inc (NYSE:V) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 10,129 shares of the credit-card processor’s stock after acquiring an additional 282 shares during the period. Rehmann Capital Advisory Group’s holdings in Visa were worth $1,582,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Highwater Wealth Management LLC acquired a new stake in Visa during the fourth quarter valued at approximately $33,000. Essex Investment Management Co. LLC acquired a new stake in Visa during the fourth quarter valued at approximately $33,000. Ironwood Financial llc lifted its stake in Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 255 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in Visa during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.
In other news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the transaction, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.
Several research firms recently commented on V. Robert W. Baird set a $182.00 target price on shares of Visa and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Wedbush upped their price target on shares of Visa from $170.00 to $187.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Oppenheimer upped their price target on shares of Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $178.17.
V stock opened at $169.66 on Monday. Visa Inc has a 12-month low of $121.60 and a 12-month high of $172.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $338.65 billion, a price-to-earnings ratio of 36.80, a P/E/G ratio of 1.92 and a beta of 0.96.
Visa (NYSE:V) last released its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that Visa Inc will post 5.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Visa’s dividend payout ratio (DPR) is 21.69%.
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Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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